We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Nov 28, 202011:34am

Salvatore Ferragamo grows 2.3% in the first nine months, cuts its profit

Retail continues to boost sales of the Italian group, with revenues representing 64% of the total business.

Nov 13, 2019 — 4:18pm
mds
Save

Salvatore Ferragamo grows 2.3% in the first nine months, cuts its profit

 

 

Salvatore Ferragamo group continues to rise. The Italian company has increased its revenues by 2.3% in the first nine months of the year, up to 1.1 billion dollars. The retail business continues to drive sales: until September it led revenues with 708.6 million dollars and represents 64.7% of the total business.

 

Net profit registered a slight decrease of 0.5%, with 67.2 million dollars. The operating result also dropped, 5.7%, to 115.7 million dollars. Wholesale and licensing fueled growth until September. While revenues generated through the multibrand channel increased by 3% to 372.5 million dollars, license revenues grew 19.1%, to 9.1 million dollars.

 

By markets, Asia led sales growth, up 37.5%, to 411 million dollars. The growth in Europe was also highlighted: 284.3 million dollars, 26% more than in the same period last year. In North America (+ 22.1%), Japan (+ 8.8%) and Latin America (+ 5.6%) also increased their sales.

 

As for the best-selling products by the group, footwear leads the sales of the Italian company: 461.7 million dollars of the total, 3.5% more than in September 2018. Leather goods (432 million dollars), apparel (58.4 million dollars), accessories (61.7 million dollars) and fragrances (65 million dollars) complete the top five of the best-selling divisions of the Italian group.

Advertising
Participation rules

info@themds.com

 

Validation policy for comments: 

 
MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
 
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment
...